EURUSD, H4 I Bearish Pressure

30631 eurusd h4 i bearish pressure

Type: Bearish ReversalKey Levels:Resistance: 1.1419Pivot: 1.13683Support: 1.13097Preferred Case:With price moving below the Ichimoku cloud, we have a bearish bias that price will from our pivot at 1.13683 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 1.13097, which is in line with horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1.1419, which coincides with horizontal swing high resistance and 61.8% Fibonacci retracement.

Source: Tickmill

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